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There are many ways to become an
expert, and many ways to develop expertise. Crown Appraisal Group personnel have developed expertise through years
of work experience in concert with formal education.
We retain our expertise through
formal continuing education classes, seminars, and attending industry specific
events such as the CREF/MBA Convention and Expo, senior
housing‘s NIC conference, HUD‘s SMAC meetings,
and the National Manufactured Home Convention.
Appraisal Reports
Crown Appraisal Group has prepared about 8,000
appraisal reports in more than 600 markets in all 50 states
for more than 250 clients. In 2003, Crown Appraisal
Group delivered over 500 appraisal reports to clients.
In 2004, the number of appraisal reports increased to 700, and
2005 saw that number exceed 1,000. In 2006, more then 1,500.
Crown has appraised “common” properties like
apartment complexes, office buildings, shopping centers,
and industrial facilities, as well as unique properties
such as partially completed hospitals, a kosher meat
processing plant, and corporate headquarters.
Market Studies
The majority of the market studies prepared by Crown Appraisal Group are for those properties with beds.
Market studies are generally prepared for apartment
properties and senior housing. Market studies, which
include rent comparability studies, allow clients the
ability to analyze the probable desirability of a specific
unit mix and amenity package of a property. The reports
can also be used to measure the size of a market.
Rent Comparability Studies
Rent comparability studies are prepared according to
HUD guidelines in conjunction with specific state requirements.
A rent comparability study is a specific type of market
study. Crown Appraisal Group has prepared numerous rent
comparability studies.
Consultation/Litigation Support
Crown Appraisal Group personnel have qualified as expert
witnesses throughout numerous courts, including Federal
Bankruptcy Court. We have testified in tax assessment/appeal
cases, eminent domain situations, and bankruptcy/foreclosure
proceedings. We have served as advisors and asset managers
for life insurance companies, Fortune 500 companies,
and individuals.
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